Comments on: Mileage and Subsistence Rates at May 10, 2016

By: Orla Linehan

Orla Linehan — Wed, 10 Nov 2010 17:18:14 +0000

Hi Paul,

Can you let me know if you work for yourself (sole trader, partnership or limited company) or are employed by someone?

All the best,

Orla

By: Orla Linehan

Orla Linehan — Tue, 02 Nov 2010 12:17:25 +0000

Hi Lorcan,

As a sole trader you can’t use the civil service mileage rates and you should instead keep your receipts for your motor expenses including fuel, repairs, insurance and motor tax. When preparing your accounts and tax return at the end of the year you should include the portion of motor expenses that relate to your business. For example, if you drive 50,000 km in a year of which 30,000 is for business then you can take 60% of your motor expenses as a business expense.

Regards,

Orla

By: Paul

Paul — Mon, 01 Nov 2010 17:13:05 +0000

I work away from the office most days, starting from the office and travelling to a number of different sites, should we recieve a substance allowance daily, at the moment we can only charge our hotel/meals to a company card but only if an over night is needed, daily we do not recieve anything.

Paul

By: Lorcan O'Neill

Lorcan O'Neill — Thu, 28 Oct 2010 13:52:49 +0000

I am a sole trader and use my private car for business trips.

In this scenario can I claim the civil service milage rates and if not how do I offset the expenses incurred by business journeys which do not relate to fuel eg motor tax, insurance, wear and tear?

Lorcan

By: Company Directors take note « McDowell & Co Accountants

Company Directors take note « McDowell & Co Accountants — Tue, 26 Oct 2010 09:04:23 +0000

[…] simultaneously pay for lunch on the company credit card. Proper records must be kept. Ensure that mileage and subsistence rates do not exceed the maximum rates set by the […]